Strattec Security Corp. Reaches New 1-Year High at $78.00 (STRT)
Strattec Security Corp. (NASDAQ:STRT) shares hit a new 52-week high during mid-day trading on Monday , American Banking & Market News reports. The company traded as high as $78.00 and last traded at $75.98, with a volume of 13,350 shares changing hands. The stock had previously closed at $73.25.
A number of research firms have recently commented on STRT. Analysts at Zacks upgraded shares of Strattec Security Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $79.80 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp. from $68.00 to $72.00 in a research note on Wednesday, August 6th.
The stock has a 50-day moving average of $66.40 and a 200-day moving average of $66.78. The company has a market cap of $261.9 million and a P/E ratio of 15.96.
Strattec Security Corp. (NASDAQ:STRT) last released its earnings data on Tuesday, August 5th. The company reported $1.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.17 by $0.41. Analysts expect that Strattec Security Corp. will post $5.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, September 10th. This is a boost from Strattec Security Corp.’s previous quarterly dividend of $0.11.
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a producer of automotive locks and keys.
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